PROJECT ESTIMATING AND COST MANAGEMENT EDITED
BY Parviz F. Rad
Contents :
CHAPTER 1- Introduction
CHAPTER 2- Deliverable-Oriented Work Breakdown Structure
CHAPTER 3- Resource Breakdown Structure
CHAPTER 4- EstimatingModels
CHAPTER 5- Progress Monitoring
CHAPTER 6- Cost Management
CHAPTER 7- External Projects
CHAPTER 2- Deliverable-Oriented Work Breakdown Structure
CHAPTER 3- Resource Breakdown Structure
CHAPTER 4- EstimatingModels
CHAPTER 5- Progress Monitoring
CHAPTER 6- Cost Management
CHAPTER 7- External Projects
Preface :
Many of development estimating, and in a discipline the currently -specific available books mode, such processon as plant estimating construction estimating, estimating. cover Although there project estimating software is a great deal of commonality in estimating techniques among all industries, distilling the nondiscipline-specific topics is sometimes difficult because they tend to get masked by the details of the discipline that is the subject of the project.
Project Estimating and Cost Management covers the fundamentals of estimating projects in a discipline-independent context. It covers the essentials of project estimating, progress monitoring, and cost management, and is intended for project professionals who need a quick overview of the process of estimating the cost of projects. Special attention is focused on estimate accuracy and the issues surrounding cost and schedule overruns. Chapter 1 deals with the inception of the project as it relates to organizational strategies. Project selection and prioritization using indices and models are also presented. Chapters 2 and 3 describe the development of work breakdown structures W S ) and resource break down structures (RBS),with detailed discussions of the elements and bases of division for these structures.
These chapters guide the reader throuih the steps involved in constructing WBS and RBS. The reader is then introduced to the concept of bottom-up estimating and the steps involved in creating a detailed estimate baseline. Chapter 4 discusses the various models that estimators use to arrive at rough estimates of projects during the early stages of project conception.The issues of estimate accuracy and baseline volatility are discussed, recognizing both the need to provide estimates in order to make judgments on project authorization and the scarcity of detailed data (at the time these estimates are developed).
Project Estimating and Cost Management covers the fundamentals of estimating projects in a discipline-independent context. It covers the essentials of project estimating, progress monitoring, and cost management, and is intended for project professionals who need a quick overview of the process of estimating the cost of projects. Special attention is focused on estimate accuracy and the issues surrounding cost and schedule overruns. Chapter 1 deals with the inception of the project as it relates to organizational strategies. Project selection and prioritization using indices and models are also presented. Chapters 2 and 3 describe the development of work breakdown structures W S ) and resource break down structures (RBS),with detailed discussions of the elements and bases of division for these structures.
These chapters guide the reader throuih the steps involved in constructing WBS and RBS. The reader is then introduced to the concept of bottom-up estimating and the steps involved in creating a detailed estimate baseline. Chapter 4 discusses the various models that estimators use to arrive at rough estimates of projects during the early stages of project conception.The issues of estimate accuracy and baseline volatility are discussed, recognizing both the need to provide estimates in order to make judgments on project authorization and the scarcity of detailed data (at the time these estimates are developed).
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